Which of the following transactions will cause both the left and right side of the accounting...

Which of the following transactions will cause both the left and right side of the accounting equation to decrease? A. Collecting cash from a customer who owed us money. B. Paying a supplier for inventory we previously purchased on account. C. Borrowing money from a bank. D. Purchasing equipment using cash.

Oct 05 2015 06:57 AM

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Ashish B
answered on October 05, 2015

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B. Paying a supplier for inventory we previously purchased on account. Paying a supplier for...

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